Ringgit ends marginally higher versus greenback

KUALA LUMPUR: The ringgit finished trading marginally higher against the US dollar after a stronger performance in the morning that tapered off later in the day.

At 6pm, the local note traded at 4.4350/4.4395 versus the greenback from 4.4385/4.4435 at Wednesday’s close. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said Malaysia’s latest Consumer Price Index print showed inflation rate had gradually eased to 3.4% in March after sustaining at 3.7% in the past two months.

“Despite that, the inflation rate still lingers on the high side. While another 25-basis point hike in the overnight policy rate is still a plausible scenario, the window of opportunity seems to be narrowing in light of the challenging global economic outlook,” he told Bernama.It slipped vis-a-vis the euro to 4.8616/4.8666 from 4.8508/4.8563 on Wednesday, inched down against the Japanese yen to 3.2923/3.2958 from 3.2919/3.

Bursa Malaysia Bhd and its subsidiaries will be closed on Friday, April 21, 2023, and Monday, April 24, 2023, in conjunction with the additional Hari Raya Aidilfitri holiday.Subscribe to our newsletter and get news delivered to your mailbox.

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ringgit ditutup rendah berbanding dolar AS | The Malaysian InsightPada 6 petang, mata wang tempatan merosot kepada 4.4315/4360 berbanding dolar AS.
Source: msianinsight - 🏆 8. / 63 Read more »

Ringgit slips further against US dollarRinggit reverses its gains against a basket of major currencies.
Source: fmtoday - 🏆 5. / 72 Read more »

Ringgit rises against US dollar in early sessionAt 9.03 am, the local note was pegged at 4.4275/4320 versus the greenback from Tuesday’s closing rate of 4.4315/4360. theSun theSundaily ringgit USDollar currency Malaysia BusinessNews
Source: theSundaily - 🏆 25. / 51 Read more »

Ringgit rises against US$ in early sessionKUALA LUMPUR: The ringgit rose against the US dollar in the early session today as the United States (US) Federal Reserve officials continued their hawkish stance, favouring another 25 to 75 basis points interest rate hike in the near term.
Source: staronline - 🏆 4. / 75 Read more »

Ringgit rises against US dollar in early trading | The Malaysian InsightEconomist says positive medium term outlook for local currency.
Source: msianinsight - 🏆 8. / 63 Read more »

Extra Raya holiday will cause Mydin to lose half a million ringgitGovt urged not to make populist decision, focus on targeted subsidies instead. Close shop. What anti. Government. You ask you close just open Shouldn't additional holidays lead to an increase in shopping activities?
Source: malaysiakini - 🏆 20. / 51 Read more »